Trump nominates Fed critic to board

President Donald Trump on Wednesday nominated economist Marvin Goodfriend to serve as a Federal Reserve governor, in his latest move to reshape the central bank.

Goodfriend, a professor at Carnegie Mellon University, has been critical of the Fed's response to the 2008 financial crisis and has said its monetary policy moves should be more open to scrutiny by Congress.

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One leading lawmaker who has sought to rein in the Fed, House Financial Services Chairman Jeb Hensarling (R-Texas), praised Goodfriend as an "impeccable conservative."

Earlier this month, Trump tapped Fed Gov. Jerome Powell to succeed Janet Yellen as chair, and he previously named Randal Quarles as the lead official responsible for overseeing the banking industry.

The Senate confirmed Quarles to the post last month and is now vetting Powell's nomination.